Eli Lilly shares tumble after cutting its sales outlook. What it means ...

11 hours ago · Shares plunged 7% after management said demand for its popular GLP-1 drugs did not meet expectations.

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Eli Lilly Shares Tumble After Cutting Its Sales Outlook. What It Means ...

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11 hours ago · Shares plunged 7% after management said demand for its popular GLP-1 drugs did not meet expectations.

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Eli Lilly Shares Drop As Drugmaker Cuts Revenue Guidance On …

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14 hours ago · The drugmaker's shares closed more than 6% lower on Tuesday. Eli Lilly said it now expects full-year 2024 revenue of about $45 billion. That's lower than the $45.4 billion to …

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Eli Lilly Stock Tumbles As Q3 Sales, Profits Fall Well Short Of …

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Lilly Lowers 2024 Outlook. Lilly lowered its 2024 earnings per share ... analysts were looking for $3.69 billion in Mounjaro revenue and $1.71 billion in Zepbound sales. Eli Lilly shares, which ...

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Eli Lilly Stock Tumbles After Drug Giant Misses Estimates And …

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Oct 30, 2024 · Eli Lilly also lowered the high end of its revenue outlook for the year and now expects sales of between $45.4 billion and $46 billion. The company's previous guidance …

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Why Did Eli Lilly Stock Fall 6%? - Nasdaq

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Nov 1, 2024 · Eli Lilly stock (NYSE: LLY) fell over 6% on Wednesday, October 30, after it posted downbeat results. The company reported revenue of $11.4 billion and adjusted earnings of …

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Eli Lilly Shares Hit Yearly Low After Disappointing Q3 Earnings

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Oct 31, 2024 · Still, Eli Lilly's shares today are still higher by 33% this year so far and by 590% for the past five years. Today's below-forecast results, though negative, demonstrate an …

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Eli Lilly Shares Down 7.5% As Market Reacts To Slashed Q4 Forecast

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12 hours ago · Shares of Eli Lilly are down 7.6% today, reflecting market disappointment in the company's adjusted guidance for the fourth quarter of 2024.The pharmaceutical giant expects …

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LLY Stock: Eli Lilly Q3 Earnings Miss Triggers 10% Share Price Decline

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Oct 30, 2024 · Eli Lilly and Company (LLY) A major factor impacting the quarterly results was a $2.8 billion acquisition-related charge. This charge prompted Eli Lilly to reduce its full-year …

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Eli Lilly Tumbles On Lowered Guidance As Weight-Loss Drug Sales …

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13 hours ago · In the September quarter, Eli Lilly earned an adjusted $1.18 per share, widely missing expectations for $1.45, according to FactSet. Sales climbed 20% to $11.44 billion but …

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Eli Lilly's Quarterly Numbers Disappoint, Shares Tumble

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Oct 30, 2024 · The outlook for reported EPS was also cut, from between $15.10 and $15.60 to between $12.05 and $12.55. David Ricks, chief executive, said: "Lilly had another strong …

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Why Eli Lilly Stock Tumbled On Thursday - Nasdaq

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Jan 18, 2024 · A healthcare stock that's been on quite a run so far this young year, Eli Lilly (NYSE: LLY) took a bit of a pause on Thursday. Its price sagged by nearly 1% on the day, in …

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Wall Street Mostly Rises After Encouraging Inflation Data Despite …

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7 hours ago · The only stock to drag more on the market was Eli Lilly, which fell 6.6% after saying it expects to report weaker revenue for the last three months of 2024 than previously forecast.

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Eli Lilly Plummets On Rare — But 'Big' — Sales Miss For ... - MSN

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Still, Lilly says Trulicity sales are under pressure due to competition. For the year, Eli Lilly cut its earnings target to $13.02 to $13.52 per share. The midpoint of Lilly's outlook missed ...

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FAQs about Eli Lilly shares tumble after cutting its sales outlook. What it means ... Coupon?

Why did Eli Lilly stock tumble 12%?

AJ Mast / Bloomberg via Getty Images Eli Lilly (LLY) shares tumbled 12% at the opening bell Wednesday after its third-quarter results fell well short of analysts' estimates and it lowered its full-year guidance. ...

Why are Eli Lilly shares down 76% today?

Shares of Eli Lilly (NYSE:LLY) are down 7.6% today, reflecting market disappointment in the company's adjusted guidance for the fourth quarter of 2024. The pharmaceutical giant expects only $13.5 billion in revenue for Q4 2024, compared to the consensus estimate of $13.97 billion. ...

Why did Eli Lilly lose $70 billion?

(Reuters) -Eli Lilly's high profile weight-loss and diabetes drugs fell short of Wall Street sales estimates on Wednesday as supplies sat in warehouses, a 180-degree turn for the company after long struggling to meet outsized demand. Lilly shares were off 8%, wiping out nearly $70 billion from the Indianapolis-based drugmaker's market value. ...

Why did Eli Lilly stock crash Wednesday?

Eli Lilly (LLY) stock crashed Wednesday after the pharma giant cut its 2024 outlook following a "big" miss for its popular diabetes and weight-loss drugs. The company's drug, tirzepatide, provides the backbone for diabetes treatment Mounjaro and weight-loss drug Zepbound. In the September quarter, Mounjaro sales rocketed 121% to $3.11 billion. ...

Did Eli Lilly Miss analysts' estimate?

That missed analysts' estimate for $12.09 billion. Eli Lilly noted, it sold its schizophrenia and bipolar disorder drug, Zyprexa. Excluding the $1.42 billion Zyprexa generated in the same three months last year, sales climbed 42%. On an adjusted basis, Lilly earned $1.18 per share, widely missing expectations for $1.45. ...

Why did Lilly stock drop 8%?

Lilly shares were off 8%, wiping out nearly $70 billion from the Indianapolis-based drugmaker's market value. Both its weight-loss drug Zepbound and diabetes treatment Mounjaro have been contending with high demand that has led to shortages, but last quarter Lilly said it had ramped up manufacturing and was able to fill back orders at wholesalers. ...